Mastercard x Worldpay collab seeks to reduce merchant chargebacks
Mastercard and Worldpay have formed a new partnership they claim will help merchants to resolve transaction disputes faster and with fewer chargebacks. Chargebacks – a request for a refund triggered when a consumer disputes a transaction on their account – are a growing issue: industry-wide chargeback volumes are expected to reach 337 million by 2026, […]
FINANCIAL CRIME PROTECTION MONTH: How banks and merchants are leveraging the latest technologies
The UK’s retail finance landscape is witnessing a technological revolution. While this brings convenience and innovation, it also creates new avenues for financial crime. Thankfully, cutting-edge solutions are emerging to equip banks and merchants with robust defences against fraudsters. Here’s an exploration of key recent and future trends in financial crime prevention, based on input […]
‘One million attacks on global financial sector in 120 days’
BlackBerry’s latest Global Threat Intelligence Report has revealed threat actors focusing efforts on targeting high-value data held by the global financial sector, with one million attacks logged over the 120 day period. This “death by a million cuts” is revealed to be using mainly commodity malware, which indicates a large number of independent actors targeting […]
Alt payments now preferred over cash and cards for e-commerce in China
Alternative payment methods such as mobile and digital wallets dominate the e-commerce space in China, displacing cash and cards as the most preferred payment method, with a 67.3% market share in 2023. GlobalData’s E-Commerce Analytics reveals that Chinese e-commerce market is expected to register a 11.9% growth in 2024 to reach CNY17 trillion ($2.4 trillion), […]
Registration is Open for November’s Fraud Prevention Summit!
The Fraud Prevention Summit, formerly known as the Merchant Fraud Summit, is a bespoke and highly targeted event, where you can meet with a selection of top suppliers, who can help with your upcoming plans and projects, alongside opportunities to network with peers & attend educational seminars! See what our past attendees had to say: “Great event, well organised and met some great people! Looking […]
If you specialise in Financial Crime Prevention Solutions we want to hear from you!
Each month on Fraud Prevention Briefing we’re shining the spotlight on a different part of the market – and in April we’ll be focussing on Financial Crime Prevention Solutions. It’s all part of our ‘Recommended’ editorial feature, designed to help industry buyers find the best products and services available today. So, if you specialise in Financial Crime Prevention […]
Mother’s Day shopping spree predicted for UK retail
UK shoppers are set to spend £1.7bn on Mother’s Day this year, a 1.1% increase on 2023, as over half of consumers intend to purchase an item to celebrate the occasion, though price remains a main concern. That’s according to the UK Mother’s Day Intentions 2024 report from GlobalData, which also cautions that high inflation means […]
FRAUD PREVENTION MONTH: Finding the right merchant fraud prevention partner
Retail professionals face the constant challenge of merchant fraud – fraudulent transactions that target online businesses. Protecting your bottom line and maintaining customer confidence requires a robust fraud prevention strategy and a trusted partner. Here’s your guide to sourcing reliable merchant fraud prevention solutions providers… 1. Understand the Nature of Merchant Fraud: Knowledge is power. […]
Retail sector the ‘least confident’ in ability to prevent cyber attacks
Node4’s Mid-Market IT Priorities Report 2024 has revealed the top ten mid-market cyber security threats for the next 12 months, as set out by the sector’s IT decision-makers. Top of the list is insider threat, followed by AI-related threats, ransomware, deep fakes and malware. The second half includes DoS attacks, supply chain attacks, phishing, zero-day attacks and scams/fraud. Paul Bryce, Managing Director at Node4, said: “The high level of concern around […]
Can you afford to miss the Smarter Payments Summit?
There are just TWO places left to the Smarter Payments Summit, taking place in two weeks’ time – This is your reminder to book your spot! DATE: 12th March 2024 VENUE: Hilton, London Canary Wharf Don’t miss out on this must-attend event to create valuable business relationships with industry professionals and leading suppliers, completely free […]
